Boise Cascade Company (BCC) will pay a special dividend of $1.60 per share in 2020. Last year the wood products company announced an increase of 11.1 percent in the quarterly dividend together with a supplemental dividend of $1.00 per share.

The supplemental dividend of $1.60 per share will be paid on November 2, 2020 to stockholders of record on October 15, 2020. The regular annual dividend of 40 cents yields 1.0% at a stock price of $40.

Boise Cascade announced a double digit dividend hike in both 2018 and 2019 and currently pays an estimated annual dividend of $16 million to its shareholders based on the $0.10 per share regular quarterly dividend. Both in 2019 and 2018 the company also paid $1.00 per share special dividends.

Boise Cascade Company is a producer of engineered wood products and plywood in North America and a U.S. wholesale distributor of building products.The company’s line of products is used primarily in new residential construction, residential repair-and-remodeling projects, light commercial construction, and industrial applications. Boise Cascade customers include retail lumberyards, home improvement centers, leading wholesalers, specialty distributors, and industrial converters. The company was founded in 1957 and has been paying a quarterly dividend to shareholders since 2017.